OPEN-SOURCE SCRIPT

Initial Balance

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Initial Balance is a clean session tool that tracks and visualizes the opening range for your chosen time window.

This indicator:

- Captures Initial Balance High and Low during the selected IB session
- Draws optional 1.5x and 2.0x range extensions above and below the IB
- Uses a session-locked fill: the fill width stops expanding when the IB window ends
- Keeps line levels and styling responsive so visibility settings update live

Why this is useful:

- Quickly frame the day around the opening range
- Spot expansion and potential continuation zones with 1.5x and 2.0x extensions
- Keep charts cleaner with a fill that does not continue extending after IB is complete

Inputs:

- IB Time Range
- Timezone
- Show/hide toggles for IB High, IB Low, 1.5x extension, 2.0x extension, and fill
- Per-line color and width controls

Notes:

- Designed as a visual reference tool, not a standalone strategy
- Best used with your existing market structure, trend, and risk rules

Not financial advice.

免责声明

这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。